Export of agro-forestry-aquatic products down 9.5% in eight months
Illustrative image (Photo: VNA)
Vietnam's total export-import turnover of agro-forestry and aquatic products in the eight months of this year was estimated at 59.69 billion USD, reported the Ministry of Agriculture and Rural Development.
Of the figure, 33.21 billion USD was worth of exports, down 9.5% annually, but still resulting in a trade surplus of 6.72 billion USD.
In August alone, agro-forestry-aquatic products brought home 4.36 billion USD from exports, down 6.5% annually.
Several commodity groups posted an increase in export value such as fruits and vegetables, rice, and coffee.
Meanwhile, rubber, tea, cashew nuts, pepper, and cassava and its products saw their export prices fall by 2.6-19.6%.
China, the US, and Japan remained the top three importers, with China accounting for 21.9%, up 9.8%; the US 20.6%, down 27.4%; and Japan 7.6%, down 10.6%.
Seizing market opportunities, especially in commodity groups of strength, the ministry has instructed localities to regulate production plans and boost exports, step up negotiations and market access for official exports while expanding export markets.
It is also working with localities to hold the Vietnam Rice Festival 2023 in the Mekong Delta province of Hau Giang./.
Related News
Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus
15:27 | 29/09/2023 Import-Export
Hurdles remain in aquatic export: VASEP
15:59 | 07/09/2023 Import-Export
Export targets of key forestry and aquatic products lowered
15:40 | 14/08/2023 Import-Export
Aquatic product exports expected to recover from late Q3
15:25 | 19/07/2023 Import-Export
Latest News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
More News
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
Your care
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export